Ron DeSantis has vowed to ban central bank digital currencies (CBDC) to prevent people from restricting undesirable purchases.
Florida Governor Ron DeSantis, a potential United States presidential candidate for the 2024 elections, has made a significant promise. He vowed to ban central bank digital currencies (CBDC) on his first day in office if elected. This statement has sparked discussions about the future of money, technological advancements, and the role of governments in financial systems.
On July 14, Florida Governor Ron DeSantis appeared as a guest speaker at the Family Leadership Summit 2023. During the interview, presidential candidate DeSantis addressed concerns about the next economic phase and confirmed his intention to ban central bank digital currencies (CBDC) “on day one” if elected in the 2024 elections.
DeSantis Warns of CBDC Threat:
DeSantis’s recent statement has sparked intense debate among the crypto community, policymakers, and citizens. He asserted that CBDC would not be recognized in the state of Florida and anticipates other states to adopt a similar stance, hindering any potential executive actions. Additionally, he expressed concerns about the legality of such actions, suggesting they might lead to lawsuits.
The governor of Florida warns that CBDC will enable people to restrict unwanted purchases, leading to the imposition of a social credit system in the country. He further asserts that CBDC will pose a significant threat to American liberty starting January 20, 2025.
In recent days, DeSantis has been consistently voicing strong opposition to CBDC. In response to the recent Fed announcement, he raised concerns about the government potentially using CBDC for malevolent purposes, such as exerting control over American money. DeSantis also expressed skepticism regarding their impact on the economy and financial stability.
Important: Please note that this article is only meant to provide information and should not be taken as legal, tax, investment, financial, or any other type of advice.
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